RELIANCE INDUSTRIES, 1 Hour Chart
AS PER ELLIOT WAVES IN 60 MIN TF.
TARGETS COULD BE 2190 & 2238.
THESE ARE JUST MY GUESSINGS, LET'S SEE WHAT HAPPENS IN MARKET REALITY.
I AM NOT SEBI REGISTERED ANALYST.
MY STUDIES ARE FOR EDUCATIONAL PURPOSE ONLY.
CONSULT YOUR FINANCIAL ADVISOR BEFORE TRADING OR INVESTING
I hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be...
if stay above current resistance one long till 2300+ , hv been holding from lower level so whoever gonna take fresh entry keep stop loss as per their trade setup.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before...
The stock has given the breakout and may show the level of 2100 soon until 1995 is saved on the downside.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
Reliance on the verge of breakout, upside move more probable. Look at pivot points in chart for levels. Great Opportunity Upcoming.
Lower Target 1 and Stop Loss for Longs: 1993.
Upper Target 1 and Stop Loss for Shorts: 2010.
Stay Connected for Further Targets.
Note: Idea only for Education Purposes.
RELIANCE BUY ABOVE 2010-2015
TARGET: 2032, 2058, 2074. 2093, 2114, 2126
Buy range and SL are on Closing Basis
Posting for Educational purpose only
Closing Basis means stock need to trade above 2010 - 2015 between 3:20 ~ 3.30 PM
If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
This weeks candle has engulfed last two weekly trading candles.
CNXENERGY has been doing great, it is at all time high.
If Reliance retraces more till Rs 1800 it is still a good pick for accumulating.
Happy Trading Happy Weekend!